LVL Energy Fund Limited was incorporated in June 2006 as a subsidiary of Lanka Ventures PLC with an initial capital of Rs. 300 million. The main objective of the Company was to invest in the form of equity and quasi equity in projects in the power and energy sector in Sri Lanka and abroad. Up to June 2016 the Company had several rounds of fund raising which culminated in a total fund base of Rs. 2,636 million by 31st March 2017 prior to launching an IPO to raise further capital of Rs. 1,200 million and obtaining a listing for shares at the Colombo Stock Exchange. The Company remains a well-diversified entity with investments in renewable and thermal power projects in Sri Lanka, Bangladesh and Nepal.